Cash-flowing Live Local redevelopment opportunity on North Dixie Highway (SR-811) in Pompano Beach.

±1.54 acres with 26,808 SF of existing improvements generating $570K+ in annual income, while supporting a future ~200 - 240 unit residential project under Florida’s Live Local Act.

Beyond redevelopment density, the asset offers near-term cap-rate compression through tenant upside.
Current in-place rents average ~$21/SF, materially below documented market leases in the $28–$32/SF range, creating a clear path to income growth through renewals and re-tenanting.

This is not a retail acquisition.
Developers are buying time, entitlement certainty, unit yield, and income growth.
The property pays for its own entitlements while value is enhanced on both the income and development fronts.